- Pressemitteilung BoxID 488603
Quickstep Selected to Manufacture Carbon Fibre C-130J Aircraft Wing Flaps
- Quickstep has been selected by Lockheed Martin as the future sole source supplier for the C-130J composite wing flaps
- First order for non-recurring activities is expected in Q2 2012 with first delivery of parts expected to commence in 2014
- Potential contract value estimated between $75 to $100 million over 5 years
- Order could create 60+ new jobs at advanced manufacturing facility at Bankstown Airport New South Wales
Australian advanced materials company, Quickstep Holdings Limited (ASX: QHL - "Quickstep") has secured its second major aerospace manufacturing program, today announcing it has been awarded the tender to manufacture wing flaps for the C-130J Hercules military transport aircraft.
Quickstep was selected as sole source supplier for the C-130J flaps following an international commercial tender program by Lockheed Martin which attracted bids from numerous manufacturers from around the world. Representatives of Lockheed Martin are scheduled to visit Quickstep's Australian headquarters in the second quarter of 2012 to finalise contract details, which are expected to include a multi-year term and will see Quickstep as sole source global supplier for these part sets.
Managing Director of Quickstep, Mr Philippe Odouard, said that securing the contract represented an outstanding achievement for the Company's contract manufacturing division.
"The award of this C-130J contract further demonstrates Quickstep's ability to contest and win major aerospace manufacturing contracts and confirms our competitiveness on the international stage," Mr Odouard said.
"It is good news for manufacturing in Australia demonstrating that we can keep manufacturing work in country through innovation and high-end capabilities. I would like to pay a particular tribute to the NSW government that supported us in developing the Bankstown facility which will become one of the most advanced in the world. This win could create 60+ new jobs at the Bankstown facility in NSW."
First orders for non-recurring activities for the manufacturing program (such as planning, tooling, training and project management) are expected in Q2 2012 with early cash flows following shortly after. First aircraft parts are scheduled to be delivered in 2014.
Lockheed Martin launched the tender process for the C-130J components after current supplier, Boeing Aerostructures Australia, announced that it will relocate from Sydney to Melbourne. Quickstep has secured a right of first refusal on most of Boeing's existing C-130J manufacturing facilities at Bankstown Airport in Sydney.
The C-130J Hercules aircraft has been in continuous production since 1954 and has been sold to 67 countries world-wide, with Lockheed Martin delivering its 2,400th C-130J aircraft in January 2012. 25 new C-130J aircraft were sold around the world in 2010, with projected sales over the next five years expected to remain at similar levels.
The C-130J program represents Quickstep's second aerospace program following the commencement of manufacturing for the international F-35 Lightning II Joint Strike Fighter program in 2011. Quickstep previously announced the F-35 contract could be worth up to $700 million.
Über Quickstep GmbH
Quickstep is an Australian company at the forefront of advanced composites manufacturing and technology development. The Company has significant capabilities and expertise in the production of high-end advanced composites for aerospace, defence and automotive use, and is creating a unique advanced composites manufacturing business in Australia using both traditional autoclave and its own world-leading non-autoclave production technologies.
Quickstep is an approved supplier for the international F-35 Lightning II Joint Strike Fighter (JSF) program - the largest military aerospace program in the world, currently valued at in excess of US$300 billion worldwide. The Company delivered its first production JSF part in October 2011. Quickstep expects to secure agreements to manufacture more JSF parts before the end of 2012, increasing the variety of different parts being manufactured.
The Company is seeking to secure additional manufacturing contracts in the global aerospace and defence industries, and is currently partnering with some of the world's largest aerospace/defence organisations, including the US Department of Defense, Lockheed Martin, Northrop Grumman, Airbus and EADS.
Quickstep has a fully-commissioned aerospace-grade manufacturing facility located in North Coogee, Western Australia, and will soon relocate its manufacturing operations to the former Boeing facility at Bankstown, New South Wales, which offers the scale, resources and facilities necessary to undertake large-scale, long term aerospace manufacturing contracts.
In addition to its contract manufacturing business unit, Quickstep has also developed a patented manufacturing technology called the Quickstep Process for the production of high-volume A-grade finished composite components for automotive and specialist thick parts such as spars and wing skins for large defence and commercial aircraft.
The Company is currently working with the US Department of Defence to qualify the patented Quickstep Process for JSF manufacturing, and is also conducting a major Research & Development program with car maker Audi aimed at delivering high surface finish, low cost fast processing of carbon fibre composite, together with specialised resins, particularly adapted to the automotive industry.
For further information: Visit www.quickstep.com.au
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